Global Area Rugs Market, By Product Type (Wool Area Rug, Silk Area Rug, Cotton Area Rug, Sisal, Jute and Sea Grass Area Rug, Animal Skins Area Rug, Synthetics Area Rug), Application (Residential Use, Commercial Use), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Area Rugs Market
Area rugs market is expected to grow at a compound annual growth rate of 5.00% for the forecast period of 2021 to 2028. Area rugs market report analyses the growth, which is currently being growing due to the increasing preference for contemporary area rugs.
Area rugs are generally used for covering residential and commercial floors and to beautify and improve the appearance of homes. There are of two types of area rugs such as machine-made and handmade area rugs. They are usually made of wool, cotton, nylon, polypropylene, polyester, jute, silk, sisal, and seagrass and are available in different styles, shapes, sizes, and colors.
The rapid change in consumer buying pattern along with the presence of large scale manufacturers is one of the primary factors driving the area rugs market growth rate. Moreover, the increasing trend of bold, attractive colors and non-geometrical patterns on the area rugs is changing consumer perspective and demand is also fueling the growth of the area rugs market in the forecast period of 2021 to 2028.
Also the market is largely driven by the budding trend such as the adoption of carpet tiles, environmentally friendly carpets and rising preference for contemporary area rugs. While, the rapidly rising spending on new residential construction and technological advancements is one of the major factor driving the growth of the area rugs market in the above mentioned forecast period. Also, the increasing disposable incomes, high growth of real estate and hospitality industries and growing demand for luxury and rising trend of rugs and carpets across the world are highly impacting the growth of the area rugs market. Likewise the rapid increase in the level of disposable income has resulted into better standard of living and high investments in home decor as well as the growing consumer confidence across the world, the thriving housing industry and increasing demand for luxury area rugs are also boosting the growth of the target market. Moreover, the shifting inclination of consumers towards improved interior design is also fueling the market growth in the forecast period of 2021 to 2028. In addition, the increasing popularity of online and omnichannel retailing along with the rising disposable income will further bring various opportunities that will lead to the growth of the area rugs market in the above mentioned forecast period.
However, the easy availability of product alternate will obstruct the growth of the area rugs market in the above mentioned forecast period, whereas the growing competition among key competitors have the potential to challenge the growth of the target market.
This area rugs market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on area rugs market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Area Rugs Market Scope and Market Size
Area rugs market is segmented on the basis of product type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product type, the area rugs market is segmented into wool area rug, silk area rug, cotton area rug, sisal, jute and sea grass area rug, animal skins area rug and synthetics area rug.
- On the basis of application, the area rugs market is segmented into residential use and commercial use.
Area Rugs Market Country Level Analysis
Area rugs market is analyzed and market size, volume information is provided by country of product type and application as referenced above.
The countries covered in the area rugs market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the progressively improving economic growth, high living standards and developing distribution network in India, and escalation of organized retailing in this particular region.
The country section of the area rugs market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Area Rugs Market Share Analysis
Area rugs market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to area rugs market.
The major players covered in the area rugs market report are Balta Industries nv, Capel Incorporated, Nourison, Kermans Flooring, Brintons Carpets Limited, Houzz Inc., Agnella, Amar Carpets, Amer Rugs, STEPEVI, Harounian Rugs International, Kalaty, MOHAWK INDUSTRIES INC., Shaw Industries Group, Inc., Saraswatii Global pvt Ltd, The Natural Carpet Company, United Weavers, Inc., Rugsinstyle, ORIENTAL WEAVERS and The Dixie Group Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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